Ethereum (ETH) Up $1.59 Over Past 4 Hours, Outperforms All Top Cryptos to Start the Day; Came Into Today Up For the 2nd Day In A Row

By June 29, 2020Ethereum
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Ethereum 4 Hour Price Update

Updated June 30, 2020 01:36 AM GMT (09:36 PM EST)

Ethereum is up 0.7% ($1.59) since the last 4 hour candle, marking the 4th candle in a row an upward move has occurred. Relative to other instruments in the Top Cryptos asset class, Ethereum ranked 2nd since the last 4 hour candle in terms of percentage price change.

Ethereum Daily Price Recap

Ethereum is up 1.28% ($2.87) since the previous day, marking the 2nd day in a row an increase has occurred. The price move occurred on volume that was up 14.75% from the day prior, but down 54.1% from the same day the week before. On a relative basis, the previous day was pretty good: Ethereum bested all 5 of the assets in the Top Cryptos class Here is a daily price chart of Ethereum.

Ethereum Technical Analysis

Coming into today the current price of Ethereum is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. Or to view things another way, note that out of the past 14 days Ethereum’s price has gone down 9 them.

Overheard on Twitter

Behold! Here are the top tweets related to Ethereum:

  • From FXLordIce:

    @binance #Ethereum is a “soft layer” #blockchain, just like “Internet” aka “www” was for other businesses & projects development. Therefore, #ETH price, must be cheaper and cheaper, to become… affordable (for those projects to evolve on its network/blockchain).Hope this helps.Ice.

  • From DegenSpartan:

    plenty of non-DeFi users equating the attack on the non-standard weirdass semi-ponzi $STA token pool that was on @BalancerLabs to mean that 1) all code on Ethereum is inherently and perennially flawed
    2) defi is a scam / defi does not workthis is called information asymmetry

  • From hosseeb:

    1/ I’ve been informed by multiple sources that China’s BSN is going to be integrating with public blockchains, the first of which are @ethereum and @NervosNetwork. This is kind of a big deal. Thread.

As for a news story related to Ethereum getting some buzz:

So, in order to make sure that the choice of hardware does not eliminate the possibility of mining other cryptocurrencies, the Ezil.me team wanted to further develop and improve the mining of Ethereum Classic (ETC) machines and make them compatible for Zilliqa (ZIL) mining as well….From the data available on the site, the profitability of ZIL is really remarkable, even without changing the hardware.

Updated June 30, 2020 01:36 AM GMT (09:36 PM EST)

Ethereum is up 0.7% ($1.59) since the last 4 hour candle, marking the 4th […]

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